Kimball Electronics Investor Presentation — November 2022

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First Quarter Fiscal 2023 Results

Quarter Ended September 30, 2022

Supplementary Information to the November 8 , 202 2,Earnings Conference Call & WebcastKimball Electronics | 2

Kimball Electronics (Nasdaq: KE)

Safe Harbor Statement

Certain statements contained within thissupplementary information, including ourfiscal year 2023 guidance, and any

statements made during ourearnings conference calltoday may beconsidered forward -looking under thePrivate

Securities Litigation Reform Actof1995 .Thestatements may beidentified bytheuseofwords such as“expect,” “should,”

“goal,” “predict,” “will,” “future,” “optimistic,” “confident,” and “believe .”Undue reliance should notbeplaced onthese

forward -looking statements .These statements arebased oncurrent expectations offuture events andthus areinherently

subject touncertainty .Ifunderlying assumptions prove inaccurate orknown orunknown risks oruncertainties materialize,

actual results could vary materially from ourexpectations andprojections .These forward -looking statements aresubject

torisks anduncertainties including, without limitation, global economic conditions, geopolitical environment, andconflicts

such asthewarinUkraine, global health emergencies including theCOVID -19pandemic, availability orcost ofraw

materials and components, foreign exchange fluctuations, and ourability toconvert new business opportunities into

customers andrevenue .Additional cautionary statements regarding other riskfactors thatcould have aneffect onthe

future performance ofKimball Electronics, Inc.(the“Company”) arecontained intheCompany’s Annual Report onForm

10-Kforthefiscal year ended June 30,2022 ,ourearnings release, andother filings with theSecurities andExchange

Commission (the“SEC”) .

This supplementary information contains non-GAAP financial measures .The non-GAAP financial measures contained

herein include Constant Currency Growth, Adjusted Selling &Administrative Expenses, Adjusted Operating Income,

Adjusted NetIncome, Adjusted Diluted Earnings PerShare, and Return onInvested Capital (“ROIC”) .Management

believes these measures areuseful andallow investors tomeaningfully trend, analyze, andbenchmark theperformance

oftheCompany’s core operations .Many oftheCompany’s internal performance measures thatmanagement uses to

make certain operating decisions use these and other non-GAAP measures toenable meaningful trending ofcore

operating metrics .Reconciliations ofthereported GAAP numbers tothese non-GAAP financial measures areincluded on

theReconciliation ofNon-GAAP Results slide, which isintheAppendix ofthissupplementary information .Today’s speakers